$350,000
3 Bed 2 Bath Waterfront Condominium for Sale in LIGHTHOUSE BAY, FL
10941 Santa Margherita Road 101, Estero, FL, 34135
About this home
This 1st-floor end unit is perfectly situated in the very first building on the street, offering unmatched convenience and privacy. Offered turnkey, this well maintained 3-bedroom, 2-bath condominium is move-in ready. The standout feature is the enclosed lanai, fitted with Hurricane glass sliders. This upgrade transforms the area into 120+ square feet of versatile, year-round living space where you can enjoy peaceful lake views 365 days a year. Inside, the open eat-in kitchen boasts stainless-steel appliances and abundant storage and is situated directly across from the formal dining area. The spacious primary suite serves as a private retreat with direct lanai access, lake views, and an ensuite bath featuring dual raised vanities and a walk-in shower. Two additional bedrooms are located at the front of the condo, including one with a built-in desk ideal for a home office and the 2nd full bath. Rest easy with the added protection of stone-coated steel roofs installed community-wide in 2020. Located within the gated community of Lighthouse Bay, residents enjoy exceptional resort-style living with access to five swimming pools, including a lap pool, 2.5 miles of scenic walking and jogging paths, tennis courts with a pro on staff, a robust bocce program, two boat houses, a fitness center, sauna, clubhouse, library, and an Arts & Learning Center. As an added bonus, a Bronze Membership to the Brooks Commons Club is included, granting access to a private restaurant, enrichment center, pickleball, and vibrant social programs, Gold Memberships available for upgrade granting access to The Commons Club Private Beach where chaise lounges and umbrellas are provided, Ice/Water dispenser, conviently located restrooms and Beach Parking Reservations (during construction of the new club). Ideally located just minutes from Coconut Point Mall, dining, entertainment, Southwest Florida International Airport, and pristine Gulf beaches, this home offers the perfect blend of comfort, convenience, and Florida lifestyle.
Property details
- Type
- Condominium
- Year built
- 2003
- Interior
- 1,548 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 74
- Total association fees
- $9,920/yr (~$827/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,900/yr
- Flood zone (area est.)
- Yes · High risk (AH)
- Storm protection
- None listed
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Call, Conditional
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges — mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees — which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 10911 Oak Island Road 201 | Apr 2026 | $375,000 | 2/2 | 1,554 | $241 |
| 10791 Halfmoon Shoal Road 101 | Apr 2026 | $385,000 | 3/2 | 1,670 | $231 |
| 23741 Old Port Road 204 | Apr 2026 | $325,000 | 3/2 | 1,486 | $219 |
| 23740 Eddystone Road 4103 | Dec 2025 | $325,000 | 2/2 | 1,406 | $231 |
| 23740 Eddystone Road 4203 | Nov 2025 | $367,500 | 2/2 | 1,404 | $262 |
| 23731 Eddystone Road 6204 | Jul 2026 | $335,000 | 2/2 | 1,578 | $212 |
| Average | 6 comps | $352,083 | $233 |
Market trends — Lighthouse Bay
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $30,000 (8%) from the original list price.
| May 11, 2026 | Sold | $345,000 |
| Mar 26, 2026 | Price reducedfrom $365,000 | $350,000 |
| Mar 16, 2026 | Back on market | |
| Jan 29, 2026 | Listed | $375,000 |
The good, the trade-offs & the location
- Built 2003 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- In a higher-risk flood zone (AH) — flood insurance likely required
- Higher association fees (~$9,920/yr)
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.